Market Watch: Sporting chance
With the 2012 Olympics looming large on the horizon, Emmanuel Kenning delves into the many and varied risks surrounding the insurance of sports clubs.
When Pablo Picasso was asked 'what is art', he replied: "What isn't?" Ask anyone in insurance a similar question about cover for sports clubs and you risk a similarly philosophical response.
Phil Grace, liability risk manager at Aviva, points out the impossibility of creating any kind of spectrum: "At one end you could have parachuting and scuba diving and perhaps at the other end badminton with everything else in between. There is no single sports product because of these differences."
Grace's
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